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Dec 4, 2012
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economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. futurering america's energy, the oil shock wave. i think it speaks to several key messages. just as we did in 2005, they're just as relevant today when we were importing 60% vs. 40% and continuing to go down. they also fall along what senator blunt said house well. but you see from when we have the oil crisis, there is no such thing as energy independence. some fear we define the problem as energy independence and it is all about imported oil. but then we solve a problem. we have been saying we needed to end our dependence on foreign oil, but the truth is we have a dependence on oil and any thing that happens anywhere in the world affects us here. if w
economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. futurering america's energy, the oil shock wave. i think it speaks to several key messages. just as we did in 2005, they're...
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Dec 8, 2012
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the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, well that will decide whether america will decline or whether america will remain exceptional. the emergence of a strong, 21st century american middle class is the answer to our most pressing challenges. and it all starts with our people. in our hotel kitchens, in the landscaping crews working in our neighborhoods, and in the late night janitorial shifts that clean our offices. there. there you will find the dreams america was built on. there you will find the promise of tomorrow. their journey is also our nation's destiny. and if they can give their children what our parents gave us, well then life in 21st century america can be better than it has ever been. may god bless all of you. and may god bless the united states of america. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> on friday, vice president joe biden v
the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, well that will decide whether america will decline or whether america will remain exceptional. the emergence of a strong, 21st century american middle class is the answer to our most pressing challenges. and it all starts with our people. in our hotel kitchens, in the landscaping crews working in our neighborhoods, and in the late night janitorial shifts that clean...
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Dec 2, 2012
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i travel the world working to help people everywhere take part in the global economy, and we never lose sight of the fact that iranians deserve this no less than any other people. america's goal is to change the iranian leadership's calculus. we have worked with the p-5 plus 1 to put a credible offer on the table. if there is a viable diplomatic deal to be had, we will pursue it. and should iran finally be ready to engage in serious negotiations, we are ready. when iran is prepared to take confidence-building measures that are verifiable, we are prepared to reciprocate. what we will not do is talk indefinitely. the window for negotiation will not stay open forever. president obama has made that clear, and by now i think it should be clear this is a president who does not bluff. he says what he means, and he means what he says. the second shared goal i want to discuss is this -- now that rocket fire from gaza has stopped, america and israel have to work together with partners in the region to turn the ceasefire into a lasting calm. now, we have no illusions about those who launched the r
i travel the world working to help people everywhere take part in the global economy, and we never lose sight of the fact that iranians deserve this no less than any other people. america's goal is to change the iranian leadership's calculus. we have worked with the p-5 plus 1 to put a credible offer on the table. if there is a viable diplomatic deal to be had, we will pursue it. and should iran finally be ready to engage in serious negotiations, we are ready. when iran is prepared to take...
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Dec 9, 2012
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economy. speakers include gene sperling, harvard university president, and former congresswoman and portugal vice-president, susan molinari. - google vice-president, susan molinari. from the american enterprise institute, join us live, 5:30 p.m. eastern also here on c- span. president obama troubles monday to an auto plant in michigan to merge congress to extend tax breaks for 998% of americans.
economy. speakers include gene sperling, harvard university president, and former congresswoman and portugal vice-president, susan molinari. - google vice-president, susan molinari. from the american enterprise institute, join us live, 5:30 p.m. eastern also here on c- span. president obama troubles monday to an auto plant in michigan to merge congress to extend tax breaks for 998% of americans.
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Dec 10, 2012
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that'll be a problem for our economy. people will not be engaged unless they have clarity in this thing. i have more faith in this institution. after the end of the day, you do the right thing. if you look at the history of this body, it roughly comes up with the right answer. we have not dealt with the debt ceiling since the beginning of this country. i think we are very capable and we can do it. >> i will respond by saying that we have been trying to deal with our cascading debt and deficit for decades. i would say that we have been far short of doing the right thing to look for a healthy fiscal future. >> thank you, senator. >> i agree that we usually do the right thing but only after we try everything else. the time has come. i see this as a scary time. we need to protect our fragile economy, but it is also an opportunity to move forward. my first question is based on your predictions -- what do you think the timeframe is for possible further downgrades from the credit rating agencies? >> this is my interpretation. i
that'll be a problem for our economy. people will not be engaged unless they have clarity in this thing. i have more faith in this institution. after the end of the day, you do the right thing. if you look at the history of this body, it roughly comes up with the right answer. we have not dealt with the debt ceiling since the beginning of this country. i think we are very capable and we can do it. >> i will respond by saying that we have been trying to deal with our cascading debt and...
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is not the number one priority, when they are not banning alcohol in night clubs for the sake of the economy and tourism. when we talk about islamists, we have to take note that some islamists clark different than others. -- are different than others. >> let me unpack a couple of thoughts. this is also connected to another slippery aspect of the argument made by reuel. if on the one hand islamists eagle people of faith, everyone on the other side are liberals. i do not believe ever use that term in anything i said. the opposite of islamists is non-islamists. there is a huge spectrum of people who will run into the streets because they are mad as hell about what their life will be like under islamist role. -- rule. many people of faith, millions of people of faith. muslims, believing muslims, as opposed to many people who are the ham and cheese muslims. they're all there. but that is to the natural audience is. it is everyone who is opposed to the totalitarian agenda of the muslim brotherhood. it is huge out there. this is where i think a friendly debate between my partner and i disagree. bre
is not the number one priority, when they are not banning alcohol in night clubs for the sake of the economy and tourism. when we talk about islamists, we have to take note that some islamists clark different than others. -- are different than others. >> let me unpack a couple of thoughts. this is also connected to another slippery aspect of the argument made by reuel. if on the one hand islamists eagle people of faith, everyone on the other side are liberals. i do not believe ever use...
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Dec 3, 2012
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economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. i think it speaks to several key messages. just as we did in 2005, they're just as relevant today when we were importing 60% vs. 40% and continuing to go down. they also fall along what senator blunt said house well. but you see from when we have the oil crisis, there is no such thing as energy independence. some fear we define the problem as energy independence and it is all about imported oil. but then we solve a problem. we have been saying we needed to end our dependence on foreign oil, but the truth is we have a dependence on oil and any thing that happens anywhere in the world affects us here. if we miss diagnose the problem, we come up with the
economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. i think it speaks to several key messages. just as we did in 2005, they're just as relevant today when we were importing 60%...
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, and in fact it hurts the economy? >> that's right. you can go back and look at the writings of others, who would have opposed president obama's approach. it was identified early on that business cycles, recessions and recoveries tend to be driven by investment. consumers are pretty steady, but investment can be wildly fluctuating. it can go way down and way ut. so his view of stabilization policy was to try to stabilize investment and not to focus on consumption. one reason why we have had such a disappointing recovery, we haven't addressed why investment is so weak. we are an unattractive place to invest right now. >> some would say why don't you accept the higher tax rate? it doesn't help the economy. it hurts it. it is a serious proposal. i have always disagreed with some of your issues, but i think you are right that there are things holding down the debt ratio. are we acting to find a sustainable path forward on them. that will be more important than in fact number on discretionary spending or tax cuts themselves
, and in fact it hurts the economy? >> that's right. you can go back and look at the writings of others, who would have opposed president obama's approach. it was identified early on that business cycles, recessions and recoveries tend to be driven by investment. consumers are pretty steady, but investment can be wildly fluctuating. it can go way down and way ut. so his view of stabilization policy was to try to stabilize investment and not to focus on consumption. one reason why we have...
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Dec 10, 2012
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economy. at 11:00 q&a with crystal wright. there is another chance to see david cameron take questions from the house of commons. >> i don't mean just the channel but the able to find surprises. every month or every year i get some show that people are talking about that i don't think you can have imagined choosing. you could not convince me to choose honey boo boo. or a certain food channel networks. i don't think if i had to predetermine that was my preference i would have ever picked them. but the ability to stumble on them, to hear people talk about them and let me go into an environment and suddenly find i like honey boo boo and i'm watching its. i think that is a huge part of the experience and i think it is sold short. i still think a lot of americans love the enjoyment of escapism and being able to roam around the tv jungle finding things they did not know were there. >> ice -- i think people still love discovery. every month or every year, i hear some show people are suddenly talking about that i do not think you coul
economy. at 11:00 q&a with crystal wright. there is another chance to see david cameron take questions from the house of commons. >> i don't mean just the channel but the able to find surprises. every month or every year i get some show that people are talking about that i don't think you can have imagined choosing. you could not convince me to choose honey boo boo. or a certain food channel networks. i don't think if i had to predetermine that was my preference i would have ever...
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Dec 6, 2012
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we need to do it in a smart way that keeps our economy growing. earlier this year, congress extended the payroll tax cut through 2012. the two percentage point payroll tax cut has played an important role to sustain the recovery. boosting economic growth by an estimated 0.5% of one percentage point, and creating 400,000 jobs. we should continue the payroll tax cut through 2013, and yesterday i introduce legislation that would keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months? job growth of about 511,000. to keep that momentum going, we should alwaprovide tax credits o small businesses. my legislation includes such an incentive for small businesses to grow. i am confident that congress will again be successful in reaching a compromise in the days ahead. i look forward to hearing today from the experts that we have before us today on how to reduce the deficit while protecting middle income families. as we enter the holiday season,
we need to do it in a smart way that keeps our economy growing. earlier this year, congress extended the payroll tax cut through 2012. the two percentage point payroll tax cut has played an important role to sustain the recovery. boosting economic growth by an estimated 0.5% of one percentage point, and creating 400,000 jobs. we should continue the payroll tax cut through 2013, and yesterday i introduce legislation that would keep the employee payroll tax at 4.2% next year. to keep the economy...
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this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. i don't know how any of us can look our kids and grandkids in the eye and explain to them that we aren't willing to pay for the things we are enjoying today but just going to send them the bill. that's why republicans have the proposal on the table that fixes the problem, puts us on the course to solve the problem, which is the out-of- control spending side of the l
this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. the big things. this is our moment to provide that leadership that america desperately wants and we stand here...
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that is what rose the economy. it is what creates a skilled work force. -- that is what grows the economy. how do we get there? first of law, we need to get -- how do we get them? -- how do we get there? we can have a serious discussion once we get republicans to agree we are not going to end medicare as we know it. once we get that agreement the we will meet our promise to our seniors now and in the future -- we are not going to cut benefits or shift the costs to individual seniors and their families, we are not going to kick people out of nursing homes, which is medicaid, then we can have a serious discussion about how you create that sustainability. >> they seem to have taken those off the table. >> yes and no. they are saying we can cut $400 billion from medicare in the right where and $200 billion out of medicaid. let's have a discussion. the most chronically ill people need to get the health care they need in the most cost-efficient way. that they have health coverage over their lives. that can make a big dif
that is what rose the economy. it is what creates a skilled work force. -- that is what grows the economy. how do we get there? first of law, we need to get -- how do we get them? -- how do we get there? we can have a serious discussion once we get republicans to agree we are not going to end medicare as we know it. once we get that agreement the we will meet our promise to our seniors now and in the future -- we are not going to cut benefits or shift the costs to individual seniors and their...
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economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as well go off the cliff or not. it really does not matter. if it is not january 1, it is not going to be too long from now before we start taking a sharp pencil to things. >> i sympathize with what larry is saying. what i am proposing, and what we are actually debating here is not to solve all of our problems ad infinitum into the future. there should be to solve this over the next decade so we get to a stable place. that is very doable in the context of the debate we are having now. if we get $3 trillion and debate the arithmetic, i think that is using reasonable assumptions abou
economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as...
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on january 20, he will face a stagnant economy and a fiscal mess. you might say he will inherit these problems. bft -- [laughter] in his second term, i hope he will offer fresh ideas. failure will mean four more years. we have work to do. i'm proud of our ecampaign. i'm proud of mitt romney. serious solutions for serious reforms, we thank him for doing that. the election did not go our way. the republican party cannot make excuses. we cannot have the next four years on the sidelines. we need to apply our timeless principles to the challenges of the day. our party excels at representing that part of the american idea that speaks to the aspirations of our nation's risk-takers. we celebrate that part involves finding a passion and making a living from it. there is another part of the american creed. when our neighbors are struggling, we look out for one another. we take care of those who are suffering in the midst of our families come alive, and communities. we do that best to our families, communities, and our party must and for making them stronger.
on january 20, he will face a stagnant economy and a fiscal mess. you might say he will inherit these problems. bft -- [laughter] in his second term, i hope he will offer fresh ideas. failure will mean four more years. we have work to do. i'm proud of our ecampaign. i'm proud of mitt romney. serious solutions for serious reforms, we thank him for doing that. the election did not go our way. the republican party cannot make excuses. we cannot have the next four years on the sidelines. we need to...
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we're focused on a global economy. those from harvard are competing globally with students from china, germany, brazil. tavis that transform the way we think about education? do you think your role as straining american leaders? are you looking at attracting global leaders? >> there are so many questions. let me address a few of them. there are numerous kind of statistics that we have a preeminence of college graduates in our populations and levels of participation. we are losing this. we have once last three of the world's college graduates. that is an interesting illustration of a shift in the dynamism. i see this when i travel. a huge commitment to public resources. huge energy to enthusiasm of higher education. india wants 15 -- 1500 new universities by 2020. meeting about hong kong this week. i learned that hong kong university is expanding undergraduate education from three years to four years because they think it is not giving students enough time. there are all these buildings going up. here we are being told
we're focused on a global economy. those from harvard are competing globally with students from china, germany, brazil. tavis that transform the way we think about education? do you think your role as straining american leaders? are you looking at attracting global leaders? >> there are so many questions. let me address a few of them. there are numerous kind of statistics that we have a preeminence of college graduates in our populations and levels of participation. we are losing this. we...
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economy to grow to%. the reason i raise this is to go down there and talk to policy makers and business people. we could have more taxes here, more regulation there. a little more cost of labor here. and a fair amount of uncertainty and take on one of the great economic miracles. they understand this thing they have a great economy growing rapidly is fragile and requires government to facilitate rather than later uncertainty. that is almost like a test tube of forcing. we had a time in which we had a huge amount of uncertainty. comes from -- some comes from government action. we had an aggressive regulatory agenda. we have not made a certain investments we have made. you add that up and you have a period in which businesses are operating under huge weight. creates the conditions under which businesses can operate in intellectual freedom. among the things government can do is create the conditions under which cost [no audio] to allow businesses to innovate. >> one of the statistics i looked at how to do wi
economy to grow to%. the reason i raise this is to go down there and talk to policy makers and business people. we could have more taxes here, more regulation there. a little more cost of labor here. and a fair amount of uncertainty and take on one of the great economic miracles. they understand this thing they have a great economy growing rapidly is fragile and requires government to facilitate rather than later uncertainty. that is almost like a test tube of forcing. we had a time in which we...
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i think it will really chance the economy. put it on a solid basis for businesses to plan and go into the future with. host: what do you think the president's number one priority should be? caller: first of all, i would like to make an observation. ever since president obama became president, i have noticed watching your program that your daily topics are on what president obama is going to do. i would be a wealthy woman if i -- for the many articles to read on him -- a about him that are very negative in many ways. going into the second term, i noticed he never did that with president bush. it was always a different topic every day. for his first six months he was never talked about. he was not as competent a person. host: i have been here a long time and i beg to disagree. we have been focused on the same issue with president bush. much of the last month we have focused on congress and the president and the fiscal clef. our decision today was to narrow it to look at what the president needs to do as he embarks on a second te
i think it will really chance the economy. put it on a solid basis for businesses to plan and go into the future with. host: what do you think the president's number one priority should be? caller: first of all, i would like to make an observation. ever since president obama became president, i have noticed watching your program that your daily topics are on what president obama is going to do. i would be a wealthy woman if i -- for the many articles to read on him -- a about him that are very...
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that is what grows the economy and creates a skilled economy. how do we get there? we need to get past where we are now. we need to get agreement that it makes a difference that we are doing basic research and funding education. that people are not on their own. on the entitlements, we can have a serious discussion once we get republicans to agree that we will not end medicare. once we get that agreement -- we will not cut benefits or cut people off of medicare or shift the costs to individual seniors and families. we will not kick people out of nursing homes. then you can have a serious discussion about how to do it and create sustainability. >> neither idea was included in boehner letter to the president. they have taken those off the table. >> yes and not. they talked about cutting $400 billion out of medicare the right way and $200 out of medicaid. make sure people get the healthcare they need in a most cost-efficient way and that they have health coverage throughout their lives. they talk about a lot of funding cuts coming out of discretionary spending and othe
that is what grows the economy and creates a skilled economy. how do we get there? we need to get past where we are now. we need to get agreement that it makes a difference that we are doing basic research and funding education. that people are not on their own. on the entitlements, we can have a serious discussion once we get republicans to agree that we will not end medicare. once we get that agreement -- we will not cut benefits or cut people off of medicare or shift the costs to individual...
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the economy is beginning -- continuing to move. having met with all the stakeholders, we have met with a number of ceo's, a number of companies and small business people, labor community, progressive groups. the interesting thing that the business folks are telling us about is the downside of going off this steep slope is real. it is going to curtail growth. but the upside is even bigger than the downside. they are ready to move. they have well over a trillion dollars out there to invest if they think the economy is going to move. so, i just want to thank these folks for giving me the time, and quite frankly being so open about their personal circumstances because that is not easy. to be peoplable to sit here andi have a developmentally disabled son. it is not easy to do. i thank them very, very much. them that i warned you may or may not ask them questions. i will let you make those individual arrangement. if they are comfortable with it. these are hard-working, serious and americans who have been playing by the rules and are doin
the economy is beginning -- continuing to move. having met with all the stakeholders, we have met with a number of ceo's, a number of companies and small business people, labor community, progressive groups. the interesting thing that the business folks are telling us about is the downside of going off this steep slope is real. it is going to curtail growth. but the upside is even bigger than the downside. they are ready to move. they have well over a trillion dollars out there to invest if...
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the global economy feeds and promotes under regulated the market's. how has the chamber changed in modern times? some might ask the question, is it slavery? i say, yes. here is an example of documents. i will night to all of the case studies. this gentleman at a brick helm millions of south asians and involved in making breakfast for construction. he is caught in a live epicycle started in a small blond. he can ever get out of it. it is often used in carpet weaving as well. anyone under 18 should not be using it and enter south asia. they were locked in a brick shaft where they work 15 hours a day. you can see how big the carpets are. you can see they are exported to the united states. this is often the production environment. a local product, many people and this carries for hurricane iris lot and into a 2009 wiped out bangladesh. the land of ours came in and said, we will rebuild your home but you have to start selling this work. they get a roof. you can imagine with the impact of that would be. agriculture is another big one. often sizzle contracts
the global economy feeds and promotes under regulated the market's. how has the chamber changed in modern times? some might ask the question, is it slavery? i say, yes. here is an example of documents. i will night to all of the case studies. this gentleman at a brick helm millions of south asians and involved in making breakfast for construction. he is caught in a live epicycle started in a small blond. he can ever get out of it. it is often used in carpet weaving as well. anyone under 18...
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the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, well that will decide whether america will decline or whether america will remain exceptional. the emergence of a strong, 21st century american middle class is the answer to our most pressing challenges. and it all starts with our people. in our hotel kitchens, in the landscaping crews working in our neighborhoods, and in the late night janitorial shifts that clean our offices. there. there you will find the dreams america was built on. there you will find the promise of tomorrow. their journey is also our nation's destiny. and if they can give their children what our parents gave us, well then life in 21st century america can be better than it has ever been. may god bless all of you. and may god bless the united states of america. >> explain the history and literary culture of new york's capital city albany this weekend on c-span2. today on c-span, "the communicators" talks with mi
the economy has changed. but whether or not the journey my parents made is still possible to all who are willing to work for it, well that will decide whether america will decline or whether america will remain exceptional. the emergence of a strong, 21st century american middle class is the answer to our most pressing challenges. and it all starts with our people. in our hotel kitchens, in the landscaping crews working in our neighborhoods, and in the late night janitorial shifts that clean...
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the role of entrepreneurs, innovation to power the economy. we still remain the world's most entrepreneurial nation. the bad news is that other nations have figured out that our secret is the entrepreneurial economy. what they have moved to do at a rather startling pace is to modify their own policies to become far more entrepreneurial around talent, their immigration policies. australia on a per-capita basis as 10 times more visas for high skilled workers than we have in the united states. on capitol, creating investment incentives, no capital gains to make sure that investment capital flows to those countries, investing in basic research in better ways to commercialize research, less regulation, a whole series of things that many nations are doing to become more competitive. this is a global battle for talent and capital and ideas. if we do not move quickly to deal with this issue, we are going to lose our lead. we are going to wake up someday and say, what happened? how did we go from being the most entrepreneurial commission, the envy of t
the role of entrepreneurs, innovation to power the economy. we still remain the world's most entrepreneurial nation. the bad news is that other nations have figured out that our secret is the entrepreneurial economy. what they have moved to do at a rather startling pace is to modify their own policies to become far more entrepreneurial around talent, their immigration policies. australia on a per-capita basis as 10 times more visas for high skilled workers than we have in the united states. on...
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that'll be a problem for our economy. people will not be engaged unless they have clarity in this thing. i have more faith in this institution. after the end of the day, you do the right thing. if you look at the history of this body, it roughly comes up with the right answer. we have not dealt with the debt ceiling since the beginning of this country. i think we are very capable and we can do it. >> i will respond by saying that we have been trying to deal with our cascading debt and deficit for decades. i would say that we have been far short of doing the right thing to look for a healthy fiscal future. >> thank you, senator. >> i agree that we usually do the right thing but only after we try everything else. the time has come. i see this as a scary time. we need to protect our fragile economy, but it is also an opportunity to move forward. my first question is based on your predictions -- what do you think the timeframe is for possible further downgrades from the credit rating agencies? >> this is my interpretation. i
that'll be a problem for our economy. people will not be engaged unless they have clarity in this thing. i have more faith in this institution. after the end of the day, you do the right thing. if you look at the history of this body, it roughly comes up with the right answer. we have not dealt with the debt ceiling since the beginning of this country. i think we are very capable and we can do it. >> i will respond by saying that we have been trying to deal with our cascading debt and...
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climate change is not only important for the economy but we can't move fast if you have because it is a huge jobs creator. i believe if we get it right we can will find that climb change is the kind of economic opportunity that the industrial revolution or the tech boom if it were, is the right thing for the planet. >> you rattled off a number of states, california to montana, what is it like to be the new chairman? have you gone through a boot camp and you now know everything about all of this right off the bat? >> not really to be honest with you. the governor of maryland did an intruder job i convinced him to stay on as the finance chair. i have a lot to learn from them eastern governors around the country. i have to tell you why i'm so excited, as you look around the politics of today h since we did not get much change in washington. the white house is the best president we could dream of having, the senate is in the right hands but the house is mostly controlled by right-wing republicans this is a time that governors need to lead. what the public wants is results. they want to se
climate change is not only important for the economy but we can't move fast if you have because it is a huge jobs creator. i believe if we get it right we can will find that climb change is the kind of economic opportunity that the industrial revolution or the tech boom if it were, is the right thing for the planet. >> you rattled off a number of states, california to montana, what is it like to be the new chairman? have you gone through a boot camp and you now know everything about all...
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that is bad for the economy. the $30 billion cost of extending the programs would generate $33 billion in benefits. that is because the money trickles through the system. the unemployment insurance check spent on food, housing, he teen, all of the basic necessities that give us a multiplier effect. host: this is from the national employment law project. estimates of numbers of people who will be affected if the program ends. 2 million workers collecting insurance will be cut off after payments for the week ended december 29. nearly 1 million more workers will run out of state unemployment benefits without access to the euc by the end of the first quarter of 2013. tickets for those numbers a little bit and specifically the one a million more workers. guest: there are two fundamental programs part of the extension. the important thing about them, this is what really counts in this, they provide the additional benefits passed the six months the market. if workers do not get the additional benefits, they are possibly
that is bad for the economy. the $30 billion cost of extending the programs would generate $33 billion in benefits. that is because the money trickles through the system. the unemployment insurance check spent on food, housing, he teen, all of the basic necessities that give us a multiplier effect. host: this is from the national employment law project. estimates of numbers of people who will be affected if the program ends. 2 million workers collecting insurance will be cut off after payments...
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it especially matters in our economy. we need long-term fiscal reductions so people can pine for the future. we need to give families and businesses a certainty and the specific spending cuts specific revenue increases that reduce the deficit and avoid the fiscal cliff. we should not put out the hard decisions with gimmicks or triggers. that is what got us here in the first place. at this time to bite the bullet -- it is time to bite the bullet and make the tough decision. the first thing we should do is immediately and eminently extend the middle class tax cuts. this decisive action will ensure that millions of american families do not see a tax cut. -- a tax hike of $2000 in the next two months. we need a long-term solution. most serious plans recommend about $4 trillion to restore the balance. interest savings revives another $600 billion. brining home our troops from iraq and afganistan brings another $800 billion. this plan will strengthen the economy. it will put us on a stable path forward. it must ramp up over tim
it especially matters in our economy. we need long-term fiscal reductions so people can pine for the future. we need to give families and businesses a certainty and the specific spending cuts specific revenue increases that reduce the deficit and avoid the fiscal cliff. we should not put out the hard decisions with gimmicks or triggers. that is what got us here in the first place. at this time to bite the bullet -- it is time to bite the bullet and make the tough decision. the first thing we...
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that is what animates the economy or depresses the economy. it's really what you see happening around you. and how you feel about your own prospects. >> and rick newman, while at the same time you're saying that, there's a story in today's "new york times" talkingability consumer borrowing rising to $2.7 trillion. that was an increase by $14.2 billion from october to september. it says credit card use has fallen sharply since the credit crisis four years ago. americans had about a trillion in debt, and that pers was 17% lower in october. guest: you hear these debt figures, and the question is is this a good thing or a bad thing? the answer is it's a little bit of both. if you look at the types of debt that are going up, mostly student loans and right behind that, auto loans. is it bad people are taking on debt, or good they're taking on debt for education. so, i think that it's possible, and we have seen an increase in the number of people going to college, and they're taking up more loans in order to pay for that. at some point in the future
that is what animates the economy or depresses the economy. it's really what you see happening around you. and how you feel about your own prospects. >> and rick newman, while at the same time you're saying that, there's a story in today's "new york times" talkingability consumer borrowing rising to $2.7 trillion. that was an increase by $14.2 billion from october to september. it says credit card use has fallen sharply since the credit crisis four years ago. americans had about...
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house prices are very sensitive to what is happening in the economy. then we could see default rates start to move up again. that is a question of how do you balance the benefits for the folks who make it through and gain access to home ownership earlier than they would have otherwise or maybe they never would have owned purses the cost of the families that will go through a default and a foreclosure? what is required sustainable home ownership? it is a difficult question. it is one we need to be mindful of when we calibrate this public policy around how low do we want to push those debt payments. when things are getting better, than you can start lowering the downpayments. that is what we ran into with the subprime problem. >> if you raise a down payment, interest rates are low. it is already difficult for some folks to save. their equity is gone or their other sources of downpayment have also been hit by the recession. is there too much emphasis on raising the down payment right now? >> i think it is. as important as down payment is, at the moment, i
house prices are very sensitive to what is happening in the economy. then we could see default rates start to move up again. that is a question of how do you balance the benefits for the folks who make it through and gain access to home ownership earlier than they would have otherwise or maybe they never would have owned purses the cost of the families that will go through a default and a foreclosure? what is required sustainable home ownership? it is a difficult question. it is one we need to...
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it will go down as his economy. i ask people, who was speaker of the house during the great depression when roosevelt was president. i will give $100 to anyone who can name to the speaker of the house was in that critical first 100 days. henry thomas are rainey. there is a name that is in the history books. the point of being that speaker bay near -- speaker john boehner is an important player, but it is obama's job to lead and the fine. if there are negative consequences here, it will be in the obama-era that things did not get fixed. who is the australian finance minister who says we are deep -- the united states is one of budget deal away from being a great country. and there are a lot of people in business who think we are poised to do some really good things in the global economy, the united states is. but if we cannot untangle this mess, it is not going to happen. >> you know more about the inner workings of our government than any living person. every single administration of our lifetime, you have been behin
it will go down as his economy. i ask people, who was speaker of the house during the great depression when roosevelt was president. i will give $100 to anyone who can name to the speaker of the house was in that critical first 100 days. henry thomas are rainey. there is a name that is in the history books. the point of being that speaker bay near -- speaker john boehner is an important player, but it is obama's job to lead and the fine. if there are negative consequences here, it will be in...
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economy, to get going. the cost of doing that, given the long-term problem, the cost of doing more now is the need to come up with the medium term deal. so we need some sort of placeholder on the 10 years, and i do not mean placeholder. i mean some sort of deal. it is not the grand bargain, but whether it is $2 trillion or $3 trillion, we need to show that we can help the economy now, polaroid recovery, and have a situation over the next 10 years that is reasonable, stable, and not out of control. it would be nice that we could solve the problems 75 years ahead, but we never solve problems 75 years ahead. imposing that constraint on helping the economy now and -- the medium-term deal seems very unwise to me, and we should focus on what we can do. it is in port. focusing on what we can do, which is doing something now, have a stabilizing deal and work on the issues as we figure out what works in health care and what does not work, how much we want to reform social security, what the economy is doing in 10 ye
economy, to get going. the cost of doing that, given the long-term problem, the cost of doing more now is the need to come up with the medium term deal. so we need some sort of placeholder on the 10 years, and i do not mean placeholder. i mean some sort of deal. it is not the grand bargain, but whether it is $2 trillion or $3 trillion, we need to show that we can help the economy now, polaroid recovery, and have a situation over the next 10 years that is reasonable, stable, and not out of...
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that'll be a problem for our economy. people will not be engaged unless they have clarity in this thing. i have more faith in this institution. after the end of the day, you do the right thing. if you look at the history of this body, it roughly comes up with the right answer. we have not dealt with the debt ceiling since the beginning of this country. i think we are very capable and we can do it. >> i will respond by saying that we have been trying to deal with our cascading debt and deficit for decades. i would say that we have been far short of doing the right thing to look for a healthy fiscal future. >> thank you, senator. >> i agree that we usually do the right thing but only after we try everything else. the time has come. i see this as a scary time. we need to protect our fragile economy, but it is also an opportunity to move forward. my first question is based on your predictions -- what do you think the timeframe is for possible further downgrades from the credit rating agencies? >> this is my interpretation. i
that'll be a problem for our economy. people will not be engaged unless they have clarity in this thing. i have more faith in this institution. after the end of the day, you do the right thing. if you look at the history of this body, it roughly comes up with the right answer. we have not dealt with the debt ceiling since the beginning of this country. i think we are very capable and we can do it. >> i will respond by saying that we have been trying to deal with our cascading debt and...
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across our economy. it has spread across the global economy. -- parts acquisition, technology acquisition has read not only across our economy. it has spread across the global economy. guest: the number of major military programs are built at commercial derivatives. they take it out of the line on the need specialized equipment and by that process, the cost can be reduced. host: sam in illinois, republican caller. caller: there is this old saying that goes, we will talk when the war is over. our country is roughly 235 years old. we have been at war for 209 years. how could you possibly think of cutting defense? we could use less -- take care of entitlements. host: deborah, your honor. caller: why can they put a cap on what these greedy hospitals, doctors ambulance, a lifelike, prescriptions -- why cannot the cap and what they are allowed to charge -- why can't they put a cap on what they are allowed to charge? also, putting money overseas, why can we keep it here where we need it-- can't we keep it ehre
across our economy. it has spread across the global economy. -- parts acquisition, technology acquisition has read not only across our economy. it has spread across the global economy. guest: the number of major military programs are built at commercial derivatives. they take it out of the line on the need specialized equipment and by that process, the cost can be reduced. host: sam in illinois, republican caller. caller: there is this old saying that goes, we will talk when the war is over....
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we're going to grow, not slow the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. >> ok. i'm going to take a moment to try to talk and we'll see if it works. i don't know if other people are here. but i actually think that what we just saw is a true reflection of how hard what we're trying to do is. i'm really disappointed that when we're trying to create a forum to have discussion we can't have everybody stay like they were invited to come and actually have this real discussion. because there are real issues that everybody knows about how we're going to try to fix these problems. on revenue, on social security, on medicare, on spending, on defense. and there are going to be different opinions about how we do it and the truth is they're going to be really hard choices and people are not going to be able to all have everything they want as we work as
we're going to grow, not slow the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. we're going to grow, not slow, the economy. >> ok. i'm going to take a moment to try to talk and we'll see if it works. i don't know if other people are here. but i actually think that what we just saw is a true reflection of how...
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economy. at 11:00 p.m., another chance to see "q&a"
economy. at 11:00 p.m., another chance to see "q&a"
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if we have a strong candidate that concern the economy and moving more quickly we think that we can do a better job of leading new jersey with a number of the candidates. >> let me ask you more broadly about the kind of voters you are going after. in a lot if he states it seemed that people vote differently thafor state office and federal. he mentioned montana. -- you mentioned montana. how is that voters make the distinction between a democrat or a republican running for governor and the same candidate for the senate or house. >> is a very different job. we have to pay the bills. we have to implement the policies that create jobs. the public will also send folks to washington to go shake it up. they want a governor who not only can balance the budget and understand how to run a huge enterprise but also can deliver on the really important things that make a difference from job creation. we are the folks that run the education systems that allow us to have the workforce of 21st century jobs. that is what democratic governors get. the real obstacle to job growth is having the best educat
if we have a strong candidate that concern the economy and moving more quickly we think that we can do a better job of leading new jersey with a number of the candidates. >> let me ask you more broadly about the kind of voters you are going after. in a lot if he states it seemed that people vote differently thafor state office and federal. he mentioned montana. -- you mentioned montana. how is that voters make the distinction between a democrat or a republican running for governor and the...
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it has done nothing to take our economy into a better shape. it was the bush tax cuts and the wars that drove us into this huge deficit that we have now. not the republicans' entitlements for this country and then we have neglected this country and the people of this country. we could have created jobs 10 times over. you have vets that are going to be coming back here, and where are the jobs for them? we have focused so much on these wars we got quagmired into, obama has been trying to get us out of them for the last four years. all the republicans have done for the last four years is say no, no, no to any kind of -- and obama has tried to push through bills to cut taxes for job creators, fo. host: for small businesses? caller: yes, for small businesses. host: here is reaction from senator lindsey gramm. he says this -- a republican from new jersey, go ahead. caller: i am calling in reference to this fiscal cliff. at this point, all the seniors are already in trouble. they are not going to get but a little increase. congress will automatically
it has done nothing to take our economy into a better shape. it was the bush tax cuts and the wars that drove us into this huge deficit that we have now. not the republicans' entitlements for this country and then we have neglected this country and the people of this country. we could have created jobs 10 times over. you have vets that are going to be coming back here, and where are the jobs for them? we have focused so much on these wars we got quagmired into, obama has been trying to get us...
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that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there would not be as much spending or taxes needed. then let the states deal with the taxes they need to take care of their citizens. host: robert, milwaukee, democratic caller. caller: i would like to say that the republican party, not all of them, i think it's just the tea party, they are destroying the republican party. when i saw senator dole in his wheelchair yesterday and military disabled individuals throughout the world, when they did not pass the ada treaty, which was signed in 1990 by president george h. w. bush and then it continued on with president bush and clinton and everyone else thereafter, when they did that, now i understand they are just not the party that any
that would be good for stimulating the economy. but the big thing is hit there needs to be a balanced plan. we need more revenue and we need less spending at the federal level. what is good for california is not good for virginia and what's good for virginia is not good for maryland. maybe we need to focus on reducing the federal government overview. been there would not be as much spending or taxes needed. then let the states deal with the taxes they need to take care of their citizens. host:...
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economy, in the u.s. society, that really extended far beyond just the patients who that program covers. mr. garamendi: there certainly is a series of things we know we can do to reduce the cost of medicare. some of those are already in place. they've been brought forward by the affordable care act. others are yet to be done. the prescription drug issue is out there. enormous savings, i think $160 billion, $150 billion right there over a 10-year period. the fraud in the system, some of that was dealt with with the affordable care act but there's much more that can be done. there are fraudulent billings for durable medical equipment as well as other kinds of services that are provided. those need to be addressed. the systems that are being put in place, that is moving away from fee for service, will significantly -- we'll significantly address that. and in the area of hospitalization, again, there are programs that are viable, that are not yet implemented, that are not part of the savings that have already
economy, in the u.s. society, that really extended far beyond just the patients who that program covers. mr. garamendi: there certainly is a series of things we know we can do to reduce the cost of medicare. some of those are already in place. they've been brought forward by the affordable care act. others are yet to be done. the prescription drug issue is out there. enormous savings, i think $160 billion, $150 billion right there over a 10-year period. the fraud in the system, some of that was...
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in my memory, the american economy did pretty darn well. i do think there are ways to get there. on entitlements, i find we have to challenges around health care. one, if you go back to mr. ryan's plan and the others, most of the dramatic changes he had to not even occur until -- if there is any crowd to do this in front of, you are the ones. most of the entitlement reforms in front of most proposals do not take place -- that is where my real problem is. yet we have this mechanism, a referee that does not give us any credit for things that happened. the ryan plan does not touch medicare -- how do we bridge that? many of my republican colleagues have said, if you do real structural reform, even if it takes a while, you have to get some credit in. one last point on this -- there are a lot more similarities if we could get past some of the language. public option, premium support -- all these questions about who bears the risk. beneficiaries or providers, or some mix? we talked about building on the affordable care act notions of let's try to have the ability to make consumers bette
in my memory, the american economy did pretty darn well. i do think there are ways to get there. on entitlements, i find we have to challenges around health care. one, if you go back to mr. ryan's plan and the others, most of the dramatic changes he had to not even occur until -- if there is any crowd to do this in front of, you are the ones. most of the entitlement reforms in front of most proposals do not take place -- that is where my real problem is. yet we have this mechanism, a referee...
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this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america desperately wants and we stand here ready to take the action necessary. >> the american people are hurting right now and now is the moment where we need to step up to the plate and solve the problem. i don't know how any of us can look our kids and grandkids in the eye and explain to them that we aren't willing to pay for the things we are enjoying today but just going to send them the bill. that's why republicans have the proposal on the table that fixes the problem, puts us on the course to solve the problem, which is the out-of-c
this will only hurt our economy. ernst and young has done an analysis of the president's proposal and said it will cost several hundreds thousands of jobs. there is a better way and the speaker has laid it out. it is an approach that calls for tax reform by reforming the tax code and passing responsible spending cuts in order to get our fiscal house in order. that's what america wants. this is our opportunity to do the big things. this is our moment to provide that leadership that america...
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the economy. that means making tough choices rainout. make them for the future. getting the spending cuts. how do we do that in a way that is agreed to and we can get it done and not all that bad periods also, that we raid hard dollars now. make investments that insure our veness forompetiti the future. it is an important message to americans as individuals so government can function. we have made decisions that have benefited the middle class. that is what has made this country great. everyone that you have heard from in this poll has said, we are great americans. we need our garment to help us do this and move us forward. if we want to be innovative, that does not happen. a lot of that comes from the investments we have made in education, in how we do our tax policy and we innovative in advance manufacturing? these are things we could to. there are sectors we could get rid of. it would be important to the investor community and business community. there are companies that are sitting on millions
the economy. that means making tough choices rainout. make them for the future. getting the spending cuts. how do we do that in a way that is agreed to and we can get it done and not all that bad periods also, that we raid hard dollars now. make investments that insure our veness forompetiti the future. it is an important message to americans as individuals so government can function. we have made decisions that have benefited the middle class. that is what has made this country great. everyone...
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., a discussion on how in log -- how education and innovation can help of the economy. live at 9:00 a.m. on a c-span2, a discussion on the impact of the latino vote in debt -- in the 2012 election. at 9:00 a.m. on c-span 3, you center forum on the voter experience in light of changes to state voter laws. >> i think people still love discovery. i do not mean the channel, but finding surprise. every month or every year, i giggled little bit about some show that people are suddenly talking about that i don't think you could have ever imagined before. mike, i want you to choose honey boo-boo, or a certain food channel network. i do not think if i had to grit -- i had to predetermined that would be my preference, i would have guessed that. what i hear people talking about, dabbling around, you know what, i kind of like honey boo boo. i think that is a huge part of the american television experience. i think it is sold short when we get to technostatic about it. i think americans love the enjoyment of escapism and passivity and roaming around the tv jungle. >> michael powell
., a discussion on how in log -- how education and innovation can help of the economy. live at 9:00 a.m. on a c-span2, a discussion on the impact of the latino vote in debt -- in the 2012 election. at 9:00 a.m. on c-span 3, you center forum on the voter experience in light of changes to state voter laws. >> i think people still love discovery. i do not mean the channel, but finding surprise. every month or every year, i giggled little bit about some show that people are suddenly talking...
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and tax revenue as a share of our economy. mr. speaker, what you see on the chart with the green line is historical tax revenue. and what you see is going back to world war ii, going back to the mid 1940's, that it really has not mattered in the history of this nation whether the top tax rate was 90%, as it was before the kennedy years, or 70% as it was at the beginning of the kennedy years, or 28% as it was in the reagan years. it really has not mattered what the top bracket is. all americans are willing to give to government is about 18% of g.d.p. it turns out, mr. speaker, this will be no surprise to you, turns out americans are pretty smart. and if what you decide as the federal government is we're going to tax this behavior, well, americans start engaging in this other behavior instead. if what you say is no, i'm going to tax that behavior, they say, that's ok, i'll go do this instead. americans are pretty smart. and they change their behavior to maximize the benefit for their doctor -- themselves, their families and thei
and tax revenue as a share of our economy. mr. speaker, what you see on the chart with the green line is historical tax revenue. and what you see is going back to world war ii, going back to the mid 1940's, that it really has not mattered in the history of this nation whether the top tax rate was 90%, as it was before the kennedy years, or 70% as it was at the beginning of the kennedy years, or 28% as it was in the reagan years. it really has not mattered what the top bracket is. all americans...
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we are worried about their ability to invest in the economy. host: let's hear from mary in topeka, kansas. caller: i had a couple of comments. and then maybe let them answer. one, a republican, but i guess i'm not a very loyal one because at this point, between the republicans and the democrats, i am totally fed up with what comes across on the national news. both sides seem to be spinning the truth into lies for their own political gain. we need a solution that is not 25 years away. but i do not know how it is going to be done when the president -- and as far as i can see, he has not even sat down for a talk that lasts more than an hour or so. he has other people doing is talking and expects the republicans to try to make a deal. you cannot make a deal with a third party and then have a first party reject everything on the plan and never sit down and discuss it. you cannot make a deal when you are not doing face-to-face talks. host: what do you think should be up for negotiation? and things like deductions in taxes? caller: i'm self-employed.
we are worried about their ability to invest in the economy. host: let's hear from mary in topeka, kansas. caller: i had a couple of comments. and then maybe let them answer. one, a republican, but i guess i'm not a very loyal one because at this point, between the republicans and the democrats, i am totally fed up with what comes across on the national news. both sides seem to be spinning the truth into lies for their own political gain. we need a solution that is not 25 years away. but i do...
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Dec 4, 2012
12/12
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it especially matters in our economy. once we resolve the cliff, we need long-term fiscal reduction so that businesses can climb to the future. to get families and businesses certainty, we must agree in the next few weeks on specific spending cuts and specific revenue increases that reduce the deficit to avoid the fiscal cliff. we should not put off the hard decisions with gimmicks or with triggers. that is what got us here in the first place. it is time to bite the bullet and make the tough decisions and make them now. the first thing we should do is immediately and permanently extend the middle-class tax cuts. this will provide needed certainty to america's families and businesses and markets. this decisive action will ensure millions of american families do not see a tax hike of more than $2,000 starting next month. any agreement must also include a long-term extension of the debt ceiling. america cannot afford another debilitating fiscal showdown. has to be a package deal. then we need to enact a long term and, grante
it especially matters in our economy. once we resolve the cliff, we need long-term fiscal reduction so that businesses can climb to the future. to get families and businesses certainty, we must agree in the next few weeks on specific spending cuts and specific revenue increases that reduce the deficit to avoid the fiscal cliff. we should not put off the hard decisions with gimmicks or with triggers. that is what got us here in the first place. it is time to bite the bullet and make the tough...